GDP Information Ok so here we go! The Numbers:
Purchasing Power Parity: Definition Time! Basically, what purchasing power parity (PPP) means is an adjustment of the exchange rate so that a certain product in one country will be worth the same amount when converted to the same currency.
GDP (PPP): $2,292
Here is a breakdown by sector:
Agriculture makes up for 18.1%, industry is about 22.6%, and services account for 59.3%.
Ok so here we go!
The Numbers:
Purchasing Power Parity:
Definition Time! Basically, what purchasing power parity (PPP) means is an adjustment of the exchange rate so that a certain product in one country will be worth the same amount when converted to the same currency.
GDP (PPP): $2,292
Here is a breakdown by sector:
Agriculture makes up for 18.1%, industry is about 22.6%, and services account for 59.3%.
Each person has a GDP of about $200.